Vastned Belgium: Strong operational results in a volatile market environment with rising interest rates
February 12 2024 - 11:00AM
Vastned Belgium: Strong operational results in a volatile market
environment with rising interest rates
• EPRA earnings of € 2.81 per share for financial year 2023,
compared to € 2.59 per share for the previous financial year.•
Refinancing of the existing credit lines was completed in the
fourth quarter of 2023.• Almost fully let portfolio (occupancy rate
of 99.9%) underlines the quality of the real estate portfolio.• A
low debt ratio of 25.3% provides solid protection.• € 32.2 million
of unused credit facilities available.• Stable value of the real
estate portfolio (-0.4%) compared to the previous
financial year.• Proposed gross dividend of € 2.30 per share
for financial year 2023 (previous financial year: € 2.25 per
share). This corresponds to a gross dividend yield of 7.5% based on
the 31 December 2023 closing price of € 30.80 per share.
Full press release:
Vastned NV (EU:VASTB)
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